Matrixswap To Integrate Multiple Chainlink Decentralized Services

The Matrixswap team is proud to announce their integration of multiple Chainlink decentralized oracle services. They have integrated Chainlink VRF to access a secure source of on-chain randomness to determine raffle results in a transparent and verifiable manner.

They are also using Chainlink Price Feeds to gain access to the high-quality, tamper-proof price data required to help ensure correct pricing of collateral assets, token swaps, and accurate processing of liquidations.

“Integrating the most battle-tested and reliable oracle network for our perpetual market index price feeds is one of the most important milestones for Matrixswap. We appreciate the tech support from Chainlink Labs and look forward to a long-lasting working relationship with them.”— Joseph Liu, Project Lead at Matrixswap

Matrixswap is a decentralized virtual-AMM-based perpetual swaps trading protocol that also offers a DEX aggregator featuring multi-token swaps, allowing users to batch several tokens into one transaction. The Chainlink integration will help provide Matrixswap users with strong assurances that the platform is receiving accurate and reliable price data when depositing collateral into Matrixswap’s collateral vault or performing a trade.

ABOUT Matrixswap
Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot, Cardano, and Polygon blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.

ABOUT Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

RESOURCES
Medium